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Constâncio: Interview with the Financial Times

People have become concerned about a slowdown in growth, and we’ve recently seen a poor print for core inflation, which is now just 0.7%. What can the ECB do if growth and inflation continue to disappoint? And is there a risk that you don’t have enough ammunition left for the next downturn if the journey to the exit of the non-standard measures is slower than you currently anticipate?
First, let me say that I don’t consider that the slowdown is such an unexpected or serious matter. We knew there would be a deceleration of growth from 2018 onwards. Perhaps some indicators in the first month have been more disappointing than expected, but ... (full story)